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How Ghana’s GoldBod turned a $487mn surplus into a blueprint for reclaiming Africa’s gold wealth

GoldBod CEO Sammy Gyamfi (far right) and others inspect the first batch of locally refined gold at the Gold Coast Refinery. Photo by GoldBod
GoldBod CEO Sammy Gyamfi (far right) and others inspect the first batch of locally refined gold at the Gold Coast Refinery. Photo by GoldBod
  • Record surplus signals structural shift
  • ASM formalisation boosts state revenue

 

ACCRA, GHANA – Ghana’s Gold Board (GoldBod) has posted a record 2025 surplus, signalling a fundamental shift in how Africa’s top gold producer captures value from its mineral wealth.

The institution reported total revenue of GHS5.55bn (approximately US$495.9mn) and an overall surplus of GHS5.45bn (approximately US$487mn), a dramatic rise from the GHS185.34mn (approximately US$11.96mn) surplus recorded in 2024.

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